unsuccessful traders and leads you to various resources youll need to trade successfully. This thing is fantastic! In contrary to lot of stuff that is offered over the internet, your system, to me, sounds the most trustable and reliable one. There is then a clear description with the elements a trading plan must contain : the perfect entry, the excellent risk management and the perfect exit. I like the focus on the mind and money management." Steve Andrewes "Hi David, As usual, a great work! 2009.07.01 MT4 motherlode june 2009, you'll notice a few new indicators and some updates. Its simple n't procrastinate.
Ditch the forex indicators and trading robots and start over with a totally clean price chart. Entry rules: Find consolidation on the chart and draw two horizontal trend lines support and resistance.
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Nothing you have said is "new" but you have presented it in a clear concise manner that anyone should understand. I agree with most what you said. I personally think that both the second editions are better. Taking a systematic step-by-step approach, this "blueprint" discusses all the aspects of designing and implementing a trading system, and explains clearly the reasons for each decision. The developing of a trading system is too short. A good money management plan encompasses discipline and patience. But you've presented it in such a way that there is no other alternative to learn unless people want to do it the hard way! Orders placed very close to the tunnel can be triggered by sudden whipsaw early before real breakthrough occur. It is obvious that David has done a lot of research and has personal experience which he is passing on to other investors. For me, this is the most important chapter in your book. It stresses that a person must make plans on how he is going to develop his trading plan prior to trading. " Masizane Marivate - South Africa "Hi David, You have bring me to another angle to view what is trading.